Between January and July of this year, 33,781 new vehicles were registered, 13% less than in the same period of 2016, reaffirming the downward trend that has been seen since the beginning of the year. Figures from the Comptroller General’s Office indicate that in July 4,494 new vehicles were registered, distributed as follows: 1,680 automobiles (-19% compared to the […]
Michelle Martinelli Patton at Linkorp wrote this article for Mondaq. The Panamanian Government with the aim of improving the competitiveness of the international services industry in Panama and, at the same time, comply with international standards for the effective exchange of information, initiated in 2009 a decisive agenda for the selection of countries with whom […]
An environmental impact study has been submitted for the construction in San Miguelito, Panama, of a mixed complex consisting of six apartment towers and a tower for commercial use. Data from the Interactive System “Construction in Central America”, compiled by the Business Intelligence Unit at CentralAmericaData, indicates that in June Inmobiliaria Panamá Bella S.A. submitted an Environmental Impact Study (EIA) to the […]
Panama will send some 90 tons of humanitarian aid to the Caribbean islands, especially the island of San Martin and Cuba An air corridor was established today from Panama for the delivery of some 90 tons of humanitarian aid to the Caribbean islands devastated by the recent hurricane Irma scourge, according to the Secretary of […]
Representatives of the banking guild say that since the reestablishment of diplomatic relations, banks in the Asian country have expressed interest in the Panamanian market. Although the conditions and legal framework in which correspondents of large international banks operate in the country still need to be improved, representatives from the banking sector believe that the arrival of […]
From September 27th to 29th, companies from the maritime sector will be meeting in Panama to discuss issues related to technology, rules and regulations in the industry. From a statement issued by the Maritime Chamber of Panama: First Annual Maritime Conference of Panama entitled “The Next 100 Years” set within the framework of Panama’s 100-year ship […]
“Showrooming is when a consumer does some research before buying a product, physically going to a store, where they can touch, try out and get advise about the object they are interested in, but in the end they buy it on online where the price is more attractive.” From an article by Ariel Baños, economist […]
Chinese Foreign Minister Wang Yi will pay an official visit to Panama this week at the invitation of Isabel Saint Malo de Alvarado, Panama’s vice president and foreign minister, Foreign Ministry spokesperson Geng Shuang said Monday. Geng made the announcement at a daily press briefing, saying that Wang will pay an official visit to Costa […]
Franco-Nevada Corporation FNV recently announced that its fully-owned subsidiary, Franco-Nevada (Barbados) Corporation (“FNB”), has inked an agreement with First Quantum Minerals Ltd. for additional precious metals stream from the Cobre Panama project for $178 million. FNB has the option to syndicate one third of the transaction to a third party, subject to final documentation. First […]
A new location for bitcoin and cryptocurrency enthusiasts, entrepreneurs, activists, iconoclasts, connoisseurs, and the general public has opened in Panama. It is called the Blockchain Embassy. It is located in the Balboa Boutiques Strip Mall of Balboa Avenue in Panama City. The space has crypto clothing and other merchandise for sale. It has a cafeteria, […]